Car dealers sohour
ADIB Egypt Managing Director during Ramadan Sohour party:
Remarkable growth in the auto finance sector thanks to our “Success Partners”
ADIB Egypt organized a Ramdan sohour for the car dealers and agents at Al-Azhar Park. Nevine Loutfy, ADIB Egypt Managing Director and CEO, and Amal Al-Said, Head of Retail Banking, were present together with the bank staff.
Nevine Lotfy expressed her pleasure to deal with such a distinguished group of car dealers and agents. She then stated the achievements the bank has accomplished in the auto finance sector in cooperation with whom she called, the bank’s “success partners”.
She spoke about the development and modernization of ADIB Egypt in all sectors such as launching different services including the “car Murabaha”, “Murabahat El-Yosr” personal finance and the “Islamic Sukuk” system. In addition, Mrs.Loutfy mentioned the development and renovation of 19 bank branches.
Nevine stated that ADIB Egypt has launched finance services for: club membership, education and travel. She pointed out that the bank has established ADILease Company last July. This company is specialized in the Shari’a-compliant lease finance for different sectors and has already started business through the finance of trucks for companies.
During the Sohour, ADIB Egypt honored the car dealers and agents who participated in stimulating the auto finance sector. Amal El-Said, the Head of Retail Banking at ADIB Egypt, announced the “Mega Contest” where car dealers and agents who achieve the highest sales will be awarded a trip to Dubai and Abu Dhabi.
She also announced another contest called “Fifty/Fifty” as part of encouraging the distributers and agents. The bank grants 50% additional commission to the distributer or agent who exceeds their sales target.